you can just not pay your taxes, they probably won’t arrest you
It’s *extremely* funny to think about what would happen to the NFT market if the US taxed unrealised gains and the IRS decided to value all NFTs at the most recent floor price.https://twitter.com/nope_its_lily/status/1453261849818972165 …
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they might mail a notice of intent to levy 90 days after the due date of the notice that they mail to you 90 days after the date your tax return is processed and then do nothing for 5 years (unless they get more budget for enforcements)
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I think it’s hilarious everyone took my comment and went to NFTs and not the 10 trillion or so in private markets
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1/2 of the world already tax unrealized gains...
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The effect on money laundering would be impressive. Could actually be a really good thing.
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